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American investment firm VanEck believes that Bitcoin has double the upside of gold and could be worth as much as $4.8 million per coin if it becomes the global reserve asset. VanEck's analysis found that the implied BTC price ranged from $1.3 million to $4.8 million if it replaces fiat currency reserves as the next global reserve asset.
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Bitcoin advocate Max Keiser and Sr. BTC advisor to President Bukele, says Bitcoin will hit $500,000 because the United States will start a giant hash war with Iran and Venezuela - and it's already started.
"Iran has already got 3% of global hash rate, so now I think Venezuela will get 3%–5% pretty quickly. And then at some point America will say, 'We've got to enter the 21st century space race of mining Bitcoin,' and then they'll try to seek 20% of the hash rate, and then security goes up dramatically, and the price goes to $400,000, $500,000."
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Billionaire venture capitalist Tim Draper is "100% sure" Bitcoin is hurtling toward a staggering $250,000 price tag. Draper has extended his prediction by six months to mid-2023 to factor in crypto-specific and macroeconomic impact. And if that doesn't happen, he is certain the king crypto (BTC) will reach the $250,000 milestone before the end of 2024.
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Speaking on CNBC's Power Lunch with Kelly Evans, Strike CEO Jack Mallers, discussed the role of Bitcoin in the ongoing banking crisis. Mallers is convinced the BTC price will hit $1 million per coin, fueled by global hyperinflation.
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Gold will "fail" as an asset as people realize that Bitcoin offers superior properties to the yellow metal. That is according to billionaire Michael Saylor, Executive Chairman and Co-Founder of MicroStrategy, a publicly traded company which holds 140,000 BTC.
"[Bitcoin] is the digital synthetic successor to gold," Saylor told Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News. "Bitcoin is going to appreciate at a faster rate. Gold is going to fail. Eventually people will sell all their gold and buy Bitcoin."
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Bitcoin bull Max Keiser and Sr. BTC advisor to President Bukele, is predicting the king crypto surging 37x - 74x from the current price hitting a target of $1-$2 million per coin.
"The total global amount of financial instruments on Planet Earth is roughly $400 Trillion. So if Bitcoin would capture a percentage of that, we're talking $1M -$2M per Bitcoin."
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Binance CEO Changpeng Zhao (CZ), has made a bold Bitcoin prediction after China's Central Television (CCTV) aired coverage of crypto, describing it as a "big deal" that could lead to a bull run in the market. The BTC coverage included an announcement from the Hong Kong Securities Regulatory Commission stating that a mandatory licensing system for virtual asset trading platforms would be implemented from June 1st.
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Rich Dad Robert Kiyosaki, has predicted that the Bitcoin price will hit $500,000 per BTC by 2025. During the same time period, he expects the price of gold to reach $5,000 and silver to hit $500. Rich Dad also warned that a "giant crash" is coming and a depression is possible.
"Giant crash coming. Depression possible. Fed forced to print billions in fake money. By 2025 gold at $5,000, silver at $500, and bitcoin at $500,000."
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Crypto bull Cathie Wood of Ark Invest -- known for her previously controversial $1 million Bitcoin price target - has just ratcheted up her BTC price prediction. She now thinks Bitcoin could skyrocket to $1.48 million per coin by 2030. Given that Bitcoin has a fixed coin supply of 21 million BTC, a target price of $1.48 million implies a total market capitalization of $31 trillion.
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Jan Van Eck, CEO of $80,000,000,000 global investment manager VanEck, believes that the Bitcoin price could rally by around 732% from currency levels, skyrocketing as high as $250,000 per BTC, according to a report by business publication Barron's.
ARK Invest's research team said that one Bitcoin could be valued at $1.36 million by 2030. Major BTC proponent and CEO of MicroStrategy, Michael Saylor, is optimistic that the king crypto could reach $1 million in the future.
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